Edge intelligence uptake is being driven by the increasing preference of renewables and utilities to leverage technologies to modernize grid infrastructure
By 2020, global annual investment in smart grids will reach $ billion. Distribution automation, network communication platforms, software, and cyber security will be some of the major areas of investment over the next years.
North America and Europe will remain strong markets for investments in the short to medium term. In the long term, growth in Asia-Pacific will counter the slowdown in the growth rates of North America and Europe.
Next-generation grid infrastructure will replace purpose-built grid devices to multi-purpose computing devices with the ability to communicate with peers in an open platform.
Consolidation will continue as companies look to acquire or partner with innovative solution providers to position themselves to meet market needs.
About this report
Edge intelligence is the combination of business intelligence and automation that can sense and synthesize massive volumes of data and make decisions close to the data collection point. Applications include collecting, analyzing, and communicating data within the specified ecosystem and making real-time decisions to achieve unprecedented levels of reliability and efficiency. Earlier, monitoring systems used to gather data and communicate the same to the central control system to trigger alerts or generate standalone reports and displays for users. In today's edge intelligence architecture, the grid is designed to perform a host of functions, including decision making, close to the point of data collection, at speeds that centralized systems cannot match. This study includes a discussion of key drivers and challenges that influence the demand for edge intelligence.
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